Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.85 11.91 9.36 11.47 9.30
Fund with Sales Charge (%) (POP) 25.85 11.91 9.36 11.47 9.30
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.85 11.91 9.36 11.47 9.30
Fund with Sales Charge (%) (POP) 25.85 11.91 9.36 11.47 9.30
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.27 10.39 7.84 10.22
Fund without Sales Charge (%) (NAV) After Shares Sold 16.36 9.13 7.14 9.25
Fund with Sales Charge (%) (POP) Before Shares Sold 24.27 10.39 7.84 10.22
Fund with Sales Charge (%) (POP) After Shares Sold 16.36 9.13 7.14 9.25
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.27 10.39 7.84 10.22
Fund without Sales Charge (%) (NAV) After Shares Sold 16.36 9.13 7.14 9.25
Fund with Sales Charge (%) (POP) Before Shares Sold 24.27 10.39 7.84 10.22
Fund with Sales Charge (%) (POP) After Shares Sold 16.36 9.13 7.14 9.25

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 25.85 -4.33 16.41 12.20 -0.53 9.50 29.84
Fund with Sales Charge (%) (POP) 25.85 -4.33 16.41 12.20 -0.53 9.50 29.84
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
Fund with Sales Charge (%) (POP) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
Fund with Sales Charge (%) (POP) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.18 10.37 11.34
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 0.83 0.85 0.90
Sharpe Ratio 1.01 0.80 0.96
Information Ratio -1.07 -0.85 -0.82
Tracking Error 3.13 2.76 2.53

SALES CHARGE, EXPENSES & FEES As of 03/01/2019 (updated annually)

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.51%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.83
Sharpe Ratio 1.01
Standard Deviation 10.18

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • S&P 500 Index